Inventory Staff Accountant

Req ID: 464310 

     Benefits: * Fuel Your Growth with Love's - company funded tuition assistance * Paid Time Off * 401(k) – 100% Match up to 5% * Medical/Dental/Vision Insurance after 30 days * Competitive Pay * Career Development *   

Basic Purpose: Detail-oriented and analytical Inventory Staff Accountant I. This role will be pivotal in ensuring the accuracy and integrity of inventory-related financial records. The successful candidate will focus on investigating inventory discrepancies, monitoring inventory over/short, and calculating and maintaining weighted average costs for item level categories across all stores.

Job Functions:

• Enter receiver corrections and reset WAC (Weighted Average Cost) to maintain accurate inventory tracking and valuation.
• Review daily WAC change reports in Power BI and compare them with PDI Daily Comparison Reports to ensure alignment of store quantity, WAC, and extended costs are matching.
• Ensure PDI data aligns consistently with DAX for accurate inventory reporting.
• Monitor the Receiver Correction email account, collaborating with operational field auditors and stores to address receiving errors promptly.
• Reconcile receipts, returns, transfers, adjustments, and waste to confirm accurate reflection in PDI from Storepoint, DAX, and PARDC systems.
• Address all Import Errors into PDI daily to maintain data integrity.
• Resolve DRSA exceptions daily by working closely with field auditors, store teams, and pricebook teams, minimizing recurring errors.
• Ensure we complete a daily AP Export into PDI.
• Help with month end close and monthly workpaper review to ensure we pay vendors in a timely manner, and store margins are being accurately calculated.
• Clear the 230060 AP Clearing Balance sheet account on a monthly basis.
• Monitor assigned vendors in the weekly recon clearing account, taking appropriate action for any discrepancies between amounts entered by the store and billed/credited by the vendor.
• Utilizing the Sharepoint site, communicate with the operations field auditors regarding skipped invoices/credits, and other invoice issues needing resolution.
• Monitor assigned vendor statements taking appropriate action for any outstanding invoices and credits appearing on the statements.
• Other assigned duties to include:
• Responding to emails/calls from vendors, field auditors and stores.
• Run and publish assigned reports for use by the operation field auditors.

Education and Experience:

• HS Diploma or equivalent required.
• Bachelor’s degree in accounting required.
• 1 - 2 years of accounts payable experience.

Skills and Physical Demands:

• Hard skills: Proficient in Microsoft Outlook, Microsoft Excel, and ability to learn new software applications and computer programs, knowledge of accounts payable processes.
• Soft skills: Excellent verbal and written communication skills, analytical skills, ability to maintain and develop relationships with internal and external stakeholders, strong time management and organization skills, sense of urgency, keen attention to detail.f hearing and vision.
• Requires prolonged sitting, some bending and stooping.
• Manual dexterity sufficient to operate a computer keyboard and calculator.
• Requires normal range of hearing and vision.

Job Function(s): Accounting and Finance 

Love’s has been fueling customers’ journeys since 1964. Innovation and perseverance continue to lead the way for the family-owned and -operated business headquartered in Oklahoma City with more than 40,000 team members in North America and Europe. The company’s core business is travel stops and convenience stores with more than 630 locations in 42 states. Love’s continues its commitment to offer products and services that provide value for professional drivers, fleets, four-wheel customers, RVers, alternative fuel and wholesale fuel customers. Giving back to communities Love’s serves and maintaining an inclusive and diverse workplace are hallmarks of the company’s award-winning culture.

The Love’s Family of Companies includes:

• Gemini Motor Transport, one of the industry’s safest trucking fleets.
• Speedco and Love’s Truck Care, the largest oil change and preventive maintenance and total truck care network.
• Musket, a rapidly growing, Houston-based commodities supplier and trader.
• Trillium, a Houston-based alternative fuels expert.
• TVC Pro-driver, a commercial driver’s license (CDL) protection subscription service.